COVID-19 and the implications for the UK Labour Market
When analysing activity in the Real Estate industry, the contrast between London & the South East, and the rest of the country becomes self-evident. The impact of Brexit has been much spoken about, equally with house prices specifically, the fall in London is clear, and can be attributed, were across the South, whilst the drop is not as substantial, it is also down. In contrast, across the Midlands and North, prices are rising and transactions are holding steady. Hence when analysing overall vacancy volumes in the sector over the last six months, overall we see activity holding steady. With this, interestingly in London, what we see is that there has actually been an uptick post-summer, whereas volumes have been flat nationwide.
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